Medical & Health
Holistic insurance solutions
We protect those in the medical and health industry by taking a holistic approach to risk and insurance. We understand the bespoke needs of doctors, dentists, private hospitals, medical suppliers and manufacturers, and work with key industry partners and insurers to create market-leading solutions.
- Australian health care providers experience more cyber breaches than any other sector, with breaches costing up to $400 per patient. 52% of privacy breaches within healthcare are results of human error.
- Many medical specialists maintain policies they are provided early in their career, with the assumption it provides relevant ongoing cover. This is not usually the case.
- Staff can be your biggest asset and your largest liability. Medical practices have separate exposures and may need to have separate policies to cover your staff for errors.
- Medical indemnity is compulsory for all registered medical professionals in Australia. Honan provide a free market analysis and can negotiate premiums on your behalf - a service your medical indemnity provider cannot facilitate.
Are you covered?
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Personal Insurance
Honan offer a holistic service to the Medical and Health industry. We are able to assist will all your insurance needs including home, motor and travel through Honan Private Client.
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Life Insurance
Protect the financial future of the people you love most with a lump sum payment in the event of death. This can cover mortgages, school fees and other bills.
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Cyber Insurance
Protect your business from internet-based risks including hacking, data theft, ransomware, misplaced/mishandled files, illegal acts by employees, inadvertent security breaches by employees, improper discarding of computers/hardware.
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Practice Indemnity Insurance
Protect the livelihood of your medical practice and all your practice staff in the event of a complaint, negligent act, error, omission.
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Individual Medical Indemnity Insurance
Compulsory for all medical practitioners in Australia including dentists, optometrists, pharmacists, physiotherapists. Cover protects both practitioner and patient in the case of a negligent act, error or omission during care.
News & Insights
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Thu 21 Jan, 2021
Critical Cover for Cyber Crime: A Healthcare Imperative for 2021
From an insurance standpoint, I’ve not witnessed a more challenging year than 2020. The bushfires of 2019-20 shook us to our core, and then COVID-19 hit. The resulting uncertainty has...
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Thu 24 Sep, 2020
The Cost of COVID: A Note on Personal Health – Do Not Delay!
Whilst COVID-19 continues to command considerable presence in daily media and our everyday lives, the concerning longer term implications of postponed treatment plans (such as radiology and/or chemotherapy) and delays...
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Wed 22 Jul, 2020
Challenge, Community & Opportunity: Could Covid be the reset we needed?
I recently read a fascinating article by McKinsey about how prioritising health could rebuild the economy post-pandemic. Like any disaster, the rebuild brings opportunity alongside hardship. How we learn from...
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Mon 11 May, 2020
The Right Advice for the Road to Recovery: Indemnity Insurance Advice for Medical Physicians
Recent months have brought relentless uncertainty and change to our lives, and the world of medicine has been far from immune. With the gradual resumption of elective surgeries, some promising...
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Thu 30 Apr, 2020
Powering Up & Switching Off: 4 Tips for #ISO Survival
Imagine this: you wake up in the morning, you shower, get dressed and promptly head out the door for work. Now this: you wake up in the morning, you reach...
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Mon 27 Apr, 2020
Navigating a New ‘BAU’: Key Impacts & Opportunities for Australia’s Healthcare Industry
These are unprecedented times for almost every industry, and perhaps none more than healthcare. For this critical community backbone, the ‘return to normal’ is unknown – we’re not clear on...
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Mon 16 Mar, 2020
COVID-19: Business Interruption, Contingency and Workplace Risk
On 30 January 2020, the World Health Organisation declared the Coronavirus outbreak a Public Health Emergency of International Concern. We sympathise with everyone who has been impacted by the virus and...
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Mon 22 Jul, 2019
Health care industry hit by more cyber breaches than any other sector in Australia
Unbelievably only 33% of the health care industry protect themselves from a cyber breach and the outcomes of this can be devastating. Health Service Providers experience more Cyber breaches...
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Mon 22 Jul, 2019
The strength of Australia’s health and medical industry
The last 10 years has seen the Australian medical and health industry grow exponentially. What can we expect in the next 10 years for this dynamic industry? Over the...
